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Fail Better

  • #5,521
  • Jun 4, 2013 2:28am Jun 4, 2013 2:28am
Quoting the_wizard
{quote} It was the last high pre-breakout of the range. Price often finds its way back here. {image}
Thanks Tom that was really helpful, I played this but I lost because I took the 99.90. But with this new information it will certainly help get in at a better price.
  • #5,522
  • Jun 4, 2013 2:43am Jun 4, 2013 2:43am
Quoting Flamegs23
{quote} This is a RR ( Rounded Retest).
Thanks for the info... but i went short at the green line.
  • #5,523
  • Jun 4, 2013 3:10am Jun 4, 2013 3:10am
Quoting daveone
{quote} Thanks for the info... but i went short at the green line.
Oh I am sorry man, I misread what you were trying to do. My apologies.
  • #5,524
  • Jun 5, 2013 6:59am Jun 5, 2013 6:59am
FTSE @ 6436 looks like interesting level to be bidding at.
  • #5,525
  • Jun 5, 2013 10:21am Jun 5, 2013 10:21am
Quoting Rich1969
FTSE @ 6436 looks like interesting level to be bidding at.

Hmmmm not looking so interesting now
  • #5,526
  • Jun 5, 2013 10:25am Jun 5, 2013 10:25am
Quoting Rich1969
FTSE @ 6436 looks like interesting level to be bidding at.
What you seeing Rich?
  • #5,527
  • Jun 5, 2013 10:41am Jun 5, 2013 10:41am
Quoting Quidsey
{quote} What you seeing Rich?
A potential level for a RR. This is my first post of a chart in this forum so hope it works okay.
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-05 at 16.39.26.png Size: 49 KB
  • #5,528
  • Jun 5, 2013 6:43pm Jun 5, 2013 6:43pm
Quoting Rich1969
{quote} A potential level for a RR. This is my first post of a chart in this forum so hope it works okay. {image}
Rich

I don't think you really understand the Rounded Retest from looking at your chart.

Here is an example.
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  • #5,529
  • Jun 6, 2013 1:53am Jun 6, 2013 1:53am
Poss weekly SFP coming on GBPAUD.
  • #5,530
  • Jun 6, 2013 1:59am Jun 6, 2013 1:59am
Quoting Pinbar
{quote} Rich I don't think you really understand the Rounded Retest from looking at your chart. Here is an example. {image}
Hi Pinbar,

Thanks for pointing that out, I think I'm getting my inverse levels trades confused with RR.
  • #5,531
  • Jun 6, 2013 2:29am Jun 6, 2013 2:29am
Quoting Rich1969
{quote} Hi Pinbar, Thanks for pointing that out, I think I'm getting my inverse levels trades confused with RR.
It looked valid to me. The level you indictated on FTSE was last resistence and we buy at resistence. I took a similar trade on NZD/JPY last night.
  • #5,532
  • Jun 6, 2013 6:07am Jun 6, 2013 6:07am
Guys, watch out for that huge monthly low in AUD/USD. If price reaches it today and forms an SFP it comes with nice daily ATR confluence!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd monthly low 060613.gif Size: 30 KB
  • #5,533
  • Jun 6, 2013 7:15am Jun 6, 2013 7:15am
Quoting daveone
Guys, watch out for that huge monthly low in AUD/USD. If price reaches it today and forms an SFP it comes with nice daily ATR confluence! {image}
NZD/USD set up nicely on the long side in the early hours of this morning!
  • #5,534
  • Jun 6, 2013 7:20am Jun 6, 2013 7:20am
Quoting the_wizard
{quote} NZD/USD set up nicely on the long side in the early hours of this morning!

Yeah, my price alert got me out of bed around 5am this morning... Eventually i did not take the trade because the R i expected wasn't satisfying enough for me. Next possible setup in Kiwi around 0,78053 .
  • #5,535
  • Jun 6, 2013 7:45am Jun 6, 2013 7:45am
Quoting daveone
{quote} Yeah, my price alert got me out of bed around 5am this morning... Eventually i did not take the trade because the R i expected wasn't satisfying enough for me. Next possible setup in Kiwi around 0,78053 .

Hi guys can I just check are you taking about the bullish PB that SFP'd the 0.7913 low?

cheers rich
  • #5,536
  • Jun 6, 2013 7:48am Jun 6, 2013 7:48am
Quoting Rich1969
{quote} Hi guys can I just check are you taking about the bullish PB that SFP'd the 0.7913 low? cheers rich

Right.
  • #5,537
  • Jun 6, 2013 7:58am Jun 6, 2013 7:58am
Quoting daveone
{quote} Right.
cheers Dave
  • #5,538
  • Jun 6, 2013 11:50am Jun 6, 2013 11:50am
Quoting the_wizard
{quote} NZD/USD set up nicely on the long side in the early hours of this morning!

Why did you stay in the trade and didnt exit at FTA?
  • #5,539
  • Jun 6, 2013 1:01pm Jun 6, 2013 1:01pm
What do you guys think about this set up on GBP/CHF?

I am looking for a break down and a RR following after.
Attached Image (click to enlarge)
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  • #5,540
  • Edited 4:05am Jun 7, 2013 3:52am | Edited 4:05am
Another SFP working out great in USDJPY. Iam currently backtesting the outcome of trading SFPs blindly (placing the entry order at the swingpoint without waiting for hourly confirmation) and using a 24 period ATR stop placed above/beneath the Swing High/Low. So far strikerate is only 40% (5 trades), but the R is so much in my favour that iam still in profit. Dont have enough data yet and will keep on backtesting them.
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy sfp 070613.gif Size: 25 KB
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